India · Delayed Price · Currency is INR DLF Limited Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw record collections, strong cash generation, and robust sales, with net profit up 16% year-over-year and zero gross debt in the development business. The launch pipeline remains healthy, with continued focus on margins, cash flows, and high occupancy in rental assets.
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Q3 FY26 saw record collections, robust revenue and profit growth, and a strengthened balance sheet. The rental and super luxury segments performed strongly, with high occupancy and dynamic pricing. Outlook remains positive with a strong launch pipeline and continued high collection efficiency.
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Q2 FY25 saw over INR 4,300 crores in new sales, strong luxury demand, and robust rental growth. Debt was reduced, dividend payout rose 20% YoY, and guidance for FY26 pre-sales was maintained. High occupancy and strong cash flows support a positive outlook.
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Sales bookings surged 78% year-over-year to INR 11,435 crore, with robust embedded margins and strong rental growth. Debt reduction, high occupancy, and a solid launch pipeline support a positive outlook, while cash flow and margin strength remain key priorities.
Fiscal Year 2025
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Record sales and collections drove robust cash flow and profitability, with ROE surpassing 10%. Rental and residential segments showed strong demand, and major launches are planned for Privana, Mumbai, and Goa. CapEx and dividend growth are expected to continue.
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Record pre-sales of INR 11,800+ crores and PAT of INR 1,000 crores were achieved, driven by strong demand for Dahlias and robust rental business. Vacancy rates improved, cash flows remained healthy, and a major tax provision extinguished significant contingent liabilities.
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Strong H1 pre-sales and cash flow position the business to meet its ₹17,000 crore sales guidance, with Dahlias and Privana launches driving growth. Rental EBITDA is set to rise sharply as new assets come online, and gross debt is targeted to reach zero within a year.
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Pre-sales hit INR 6,400 crore with strong cash flow and robust rental business. Margins are expected to improve with new launches, and rental income is set to rise significantly in FY26. Launch pipeline and collections remain strong, with no signs of demand slowdown.